DFII採用期權策略來建立收入並獲得比特幣價格收益

這是通過彈性選項和非處方選項等組合來完成的。這些選項傳統上使用比特幣ETP或ETP索引作為其參考資產。

First Trust II: Bitcoin, Partial Covered Call

第一信任II：比特幣，部分覆蓋的電話

First Trust (NASDAQ: FDT ) II: Bitcoin (DFII B-) is an interesting new ETF that seeks to provide exposure to the price total return of bitcoin, and it does so via an options strategy.

First Trust（NASDAQ：FDT）II：比特幣（DFII B-）是一個有趣的新ETF，旨在提供比特幣價格總回報的敞口，並且通過選項策略來實現。

The fund is tracking the performance of the Optimum Yield Diversified Institutional Index, and it does so through a mix of FLEX Options, over-the-counter options and other instruments. These options typically use bitcoin ETPs or ETP indexes as their reference assets.

該基金正在跟踪最佳產量多元化機構指數的性能，並通過彈性選項，非處方選項和其他工具的混合來實現。這些選項通常使用比特幣ETP或ETP索引作為其參考資產。

To help further bolster the fund’s overall income, First Trust is also looking to employ a partial covered call strategy with DFII. This strategy will see the fund selling call options either at-the-money or at the approximate value at the time of the fund’s inception.

為了幫助進一步加強基金的總收入，第一信託也希望通過DFII採用部分涵蓋的呼叫策略。該策略將在基金成立時看到基金出售撥打選項或以大約價值出售。

While these options strategies may limit DFII’s ability to fully engage in any bitcoin price rallies, they do offer a number of other benefits. Along with income potential, a strong options overlay can help a portfolio achieve a more attractive risk profile.

儘管這些選項策略可能會限制DFII充分參與任何比特幣價格集會的能力，但它們確實提供了許多其他好處。隨著收入潛力，強大的選擇覆蓋可以幫助投資組合獲得更具吸引力的風險狀況。

This could be particularly useful for a volatile asset like bitcoin. A final point to consider is that DFII comes online at a moment in which interest is building over both cryptocurrency and options strategies.

這對於像比特幣這樣的揮發性資產特別有用。要考慮的最後一點是，DFII在對加密貨幣和期權策略既利益的時刻都在線。

Given the turbulent nature of the U.S. market, some advisors and investors are turning to covered call and other options-based strategies as an alternative method for building income.

鑑於美國市場的動盪本質，一些顧問和投資者正在轉向涵蓋的呼叫和其他基於期權的策略，作為建立收入的替代方法。

At the same time, the price performance of bitcoin remains a highly debated topic within the investment community. Some advisors believe that the cryptocurrency could return to all-time highs in the coming years, while others are less optimistic.

同時，比特幣的價格績效仍然是投資界的高度爭議的話題。一些顧問認為，在未來幾年中，加密貨幣可能會恢復到歷史最高水平，而另一些則不太樂觀。

However, advisors and investors willing to bet on bitcoin in 2025 could very well see significant income down the line, especially if the cryptocurrency manages to rally to new all-time highs.

但是，願意在2025年押注比特幣的顧問和投資者很可能會看到巨大的收入，尤其是如果加密貨幣設法升級到新的歷史最高點。

First Trust

第一個信任

With over 30 ETFs listed in the United States, First Trust offers a number of compelling products for the investment community. This includes the timely FT Vest U.S. Equity Buffer ETF – April (FAPR B-), which has over $700 million in assets under management.

在美國列出了30多個ETF，First Trust為投資界提供了許多引人入勝的產品。這包括及時的FT列出美國股權緩衝ETF - 4月（FAPR B-），該資產管理的資產超過7億美元。

The ETF provides downside risk protection to the S\&P 500 Index (Index: ^GSPC) with unleveraged price exposure. It is designed to buffer the investment from the first 10% of price depreciation and attempts to track the S\&P 500 Index’s total return performance.

ETF為S \＆P 500指數（索引： ^GSPC）提供了下行風險保護，並提供了未持續的價格。它旨在緩衝投資從價格折舊的前10％，並試圖跟踪S \＆P 500指數的總回報績效。

Moreover, if the S\&P 500 Index declines by 10% or less at the final observation on March 30, 2024, the ETF endeavors to return the capital invested in the ETF, less applicable fees and expenses.

此外，如果S \＆P 500指數在2024年3月30日的最終觀察中下降了10％或更少，則ETF努力返回投資於ETF的資本，較少適用的費用和支出。

If the S\&P 500 Index depreciates by more than 10%, the ETF aims to return a portion of the Index’s return, limited to a maximum loss of 9% of the capital invested in the ETF, less applicable fees and expenses.

如果S \＆P 500指數貶值超過10％，則ETF的目標是返回指數回報的一部分，最大損失的資本佔ETF的9％的損失，適用的費用和費用較少。

The post First Trust II: Bitcoin, Partial Covered Call appeared first on ETF Thoughts.

帖子第一信託II：比特幣，部分覆蓋的呼叫首先出現在ETF思想上。

The post First Trust II: Bitcoin, Partial Covered Call appeared first on ETF Thoughts.

帖子第一信託II：比特幣，部分覆蓋的呼叫首先出現在ETF思想上。